Very nice technical bounce from clear oversoldACB, the market leader in volume, has done very well here. Holding $8.39-8.44 will be key here. Next resistance levels are $8.75 and $9.07. Hopefully bullish volume will carry us here and on the other 3 MJ leaders in this space.
ACB has a fair amount of room to run since it was a laggard.
The bounce here from 1 hour oversold is not a surprise. The strength of the bounce is nice to see.
I had to take some money off the table. Managing greed and fear is the number #1 attribute traders should have. The overall markets are still very turbulent but most of my money is back in for now. I'm in ACB, APH and WEED at different levels plus a few juniors. We went down too fast, too far.
As a hedge, gold is appearing great. In GLD and a few higher risk high reward gold miners.
I hope Chartguys post a video, always love to hear from unbiased professional technical traders. If any other TA traders here want to post their analysis, please share. Ignore the haters, I suspect most of them are jealous and they belong on your ignore list.
Best of luck to all! And please remember we are really trading against machines, not ourselves. Humans have always succeeded in assisting each other. That's what built great civilizations. Communities are stronger than individuals.